PLEASANT GAP LUTHERAN HOUSING COMM… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2009

Legal Domicile

Principal Officer

CHRISTOPHER REIGHARD

Phone

8146964500

Tax Period

2023-01-01 to 2023-12-31

PLEASANT GAP LUTHERAN HOUSING COMMUNITY INC, founded in 2009, is a small nonprofit that reported $101K in total revenue in fiscal year 2023. Expenses of $200K exceeded revenue, resulting in a 99% operating deficit.

Mission

TO OPERATE AN APARTMENT COMPLEX LOCATED IN PLEASANT GAP, PENNSYLVANIA, UNDER SECTION 202 OF THE NATIONAL HOUSING ACT, WHICH PROVIDES HOUSING FOR LOW INCOME ELDERLY OR HANDICAPPED FAMILIES.

Program Service Accomplishments

Program 1

Expenses: $170,335 Revenue: $100,590

PLEASANT GAP LUTHERAN HOUSING COMMUNITY, INC. WAS ESTABLISHED TO OPERATE AN APARTMENT COMPLEX LOCATED IN PLEASANT GAP, PENNSYLVANIA, UNDER SECTION 202 OF THE NATIONAL HOUSING ACT, WHICH PROVIDES...

PLEASANT GAP LUTHERAN HOUSING COMMUNITY, INC. WAS ESTABLISHED TO OPERATE AN APARTMENT COMPLEX LOCATED IN PLEASANT GAP, PENNSYLVANIA, UNDER SECTION 202 OF THE NATIONAL HOUSING ACT, WHICH PROVIDES HOUSING FOR THE LOW INCOME ELDERLY. PLEASANT GAP OPERATES A 14-UNIT AFFORDABLE HOUSING APARTMENT BUILDING IN CENTRE COUNTY, PA.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $100,590

Investment Income $173

Other Revenue $0

TOTAL REVENUE $100,763

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,559

Fundraising Expenses $0

Program Expenses $170,335

Other Expenses $192,595

TOTAL EXPENSES $200,154

Year-over-Year Comparison

	2023	2022	Change
Revenue	$100,763	$103,772	0.0%
Expenses	$200,154	$189,157	+0.1%
Net Income	$-99,391	$-85,385	+0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$591,461

Total Directors

$282,730

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REV LARRY LOUDER	PRESIDENT	1.00	Officer Director	$0	$0	$0
REV RON MILLER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
RON DREESE	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
BISHOP GREGORY R PILE	TRUSTEE	1.00	Director	$0	$0	$0
REV KEVIN SHOCK	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM D THOMPSON III	TRUSTEE	1.00	Director	$0	$0	$0
DR PATRICIA W SAVAGE	PRESIDENT/CEO (RET 3/2024)	2.00	Officer Director	$0	$0	$282,730
CHRISTOPHER J REIGHARD	CFO/INTERIM CEO (3/2024)	2.00	Officer	$0	$47,700	$308,731

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$100,763	$200,154	$1,235,349	$-99,391
2022	$103,772	$189,157	$1,354,088	$-85,385
2021	$101,448	$205,341	$1,348,064	$-103,893
2020	$90,098	$202,027	$1,504,574	$-111,929
2019	$92,381	$212,013	$1,508,814	$-119,632
2018	$100,030	$218,860	$1,638,161	$-118,830

PLEASANT GAP LUTHERAN HOUSING COMMUNITY INC